Editor’s Note
This article reports on domestic gold price movements as of June 14, 2025, noting a significant upward trend approaching record levels. The data and figures cited are based on market surveys at the time of writing and are subject to change.
As of the afternoon survey on June 14, 2025, domestic gold prices showed a clear upward trend across most trading systems. This adjustment has brought prices close to all-time highs, attracting investor interest.
In Hanoi and other regions, the SJC gold buying price was recorded at 117.8 million VND per tael, and the selling price at 120.3 million VND per tael, representing an increase of 300,000 VND per tael in both directions compared to the previous day. This significant rise reflects a strong recovery in the market.
Similarly, the DOJI Group also quoted gold prices at 117.8 million VND (buy) and 120.3 million VND (sell) per tael, an increase of 300,000 VND per tael. This movement indicates a high consensus among major companies regarding the upward trend in gold prices.
Meanwhile, PNJ prices in Ho Chi Minh City and Hanoi rose sharply, with the buying price reaching 114.0 million VND per tael (up 500,000 VND) and the selling price reaching 116.8 million VND per tael (up 600,000 VND). This was the largest increase of the day, positively impacting market sentiment.
Mi Hong was no exception to this trend, with its gold prices rising by 200,000 VND per tael, reaching a buying price of 118.5 million VND and a selling price of 120.0 million VND per tael.
Additionally, Bao Tin Minh Chau and Phu Quy also recorded similar increases, with buying and selling prices reaching 117.8 million VND and 120.3 million VND per tael, respectively.
As of 5:00 PM (Vietnam time) on June 14, 2025, the spot gold price was $3,430.49 per ounce. This is an increase of $46.37 per ounce compared to yesterday. Applying Vietcombank’s USD exchange rate (26,223 VND/USD), the global gold price is approximately 112.8 million VND per tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (117.8 – 120.3 million VND per tael), the current SJC gold price is about 7.5 million VND higher than the international price.
As of June 14, 2025, gold prices are surging in the global market due to various political and economic uncertainties. Specifically, the spot gold price rose 1.3% to $3,428.10 per ounce. This is close to the all-time high of $3,500.05 recorded last April. Gold prices rose about 4% this week, demonstrating the strong appeal of the precious metal even as the global economy faces multiple uncertainties.
Furthermore, the US economic situation is also a factor enhancing gold’s appeal. Recent data shows that US inflation is declining, increasing the likelihood that the Federal Reserve will cut interest rates in the near future. When interest rates are low, gold is generally preferred as it does not face pressure from other yield-generating investments like bonds. For these reasons, gold is becoming an increasingly attractive investment for investors.
Major institutions are also optimistic about gold’s prospects. Goldman Sachs predicts that gold prices could reach $3,700 per ounce by the end of 2025 and $4,000 by mid-2026, driven by strong demand from central banks. Bank of America (BofA) also forecasts that gold prices could rise to $4,000 within the next 12 months. However, in major Asian markets like India, physical gold demand is trending downward as prices surpass the psychological resistance level of 100,000 rupees.
Besides gold, prices of other precious metals like silver, platinum, and palladium also showed fluctuations. Silver prices fell slightly by 0.3% to $36.27 per ounce but rose 0.9% for the week. Platinum plunged 5.9% to $1,219.03 per ounce but rose 4.8% for the week. Palladium fell 1.3% to $1,041.51 per ounce and was down 1.1% for the week. These fluctuations show that the precious metals market is significantly influenced by global geopolitical and economic conditions.
June 15, 2025, is a Sunday, so both international and domestic gold markets will be closed, and gold prices will remain at the levels recorded at the end of June 14, 2025.
Global Gold Price: Approximately $3,430.49 per ounce (excluding taxes and fees, equivalent to 112.8 million VND per tael).
Domestic Gold Prices:
SJC Gold Bars: 117.8 million VND per tael (buying price) – 120.3 million VND per tael (selling price).
PNJ Gold Rings: 114.0 million VND per tael (buying price) – 116.8 million VND per tael (selling price).
Prices for systems like Mi Hong, Bao Tin Minh Chau, and Phu Quy are similar to SJC, fluctuating between 117.8 million and 120.3 million VND per tael.
If geopolitical tensions in the Middle East escalate further or additional signals emerge regarding Fed rate cuts, the global gold price could continue its upward trend, rising to the $3,500 per ounce resistance level. The domestic SJC gold price is expected to reach approximately 121-123 million VND per tael, maintaining a premium of 7-8 million VND per tael over the international price.
If profit-taking emerges after last week’s 4% surge, or if higher-than-expected inflation is reported in the US Consumer Price Index (CPI) scheduled for release on Wednesday, June 18, leading to a stronger US dollar, gold prices could fall to $3,300-$3,350 per ounce. Domestic gold prices could see a slight decline to 116-119 million VND per tael.
As the market is closed on Sunday, investors must wait for new signals on Monday, June 16, 2025. If gold prices undergo a downward correction, it could present a buying opportunity, especially if geopolitical tensions persist.
